AQR Capital Management LLC Acquires 9,778 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

AQR Capital Management LLC grew its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 51.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,858 shares of the semiconductor company’s stock after acquiring an additional 9,778 shares during the quarter. AQR Capital Management LLC owned 0.06% of Ultra Clean worth $1,414,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC raised its stake in Ultra Clean by 52.1% in the second quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 213 shares in the last quarter. CWM LLC raised its stake in Ultra Clean by 46.3% in the second quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 253 shares in the last quarter. Innealta Capital LLC acquired a new position in Ultra Clean in the second quarter valued at about $41,000. nVerses Capital LLC acquired a new position in Ultra Clean in the second quarter valued at about $64,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Ultra Clean in the first quarter valued at about $96,000. Institutional investors own 96.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. TD Cowen boosted their price target on Ultra Clean from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Oppenheimer began coverage on Ultra Clean in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $70.00 price target for the company. Craig Hallum boosted their target price on Ultra Clean from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Needham & Company LLC reissued a “buy” rating and set a $56.00 target price on shares of Ultra Clean in a research note on Friday, July 26th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $61.50.

Ultra Clean Stock Down 1.5 %

Shares of NASDAQ UCTT opened at $38.39 on Friday. The company has a current ratio of 2.73, a quick ratio of 1.60 and a debt-to-equity ratio of 0.52. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -46.82 and a beta of 2.08. Ultra Clean Holdings, Inc. has a 12 month low of $22.15 and a 12 month high of $56.47. The stock has a 50-day moving average price of $36.69 and a two-hundred day moving average price of $42.87.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings data on Thursday, July 25th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter. Ultra Clean had a positive return on equity of 2.59% and a negative net margin of 0.46%. The company had revenue of $516.10 million during the quarter, compared to the consensus estimate of $490.06 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The firm’s revenue was up 22.4% compared to the same quarter last year. As a group, analysts forecast that Ultra Clean Holdings, Inc. will post 1.1 earnings per share for the current fiscal year.

About Ultra Clean

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.